Home Buyers Not Deterred by February’s Cold

The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1079 property sales processed through it’s MLS® system in February 2015. This represents a 13.9 per cent increase in sales compared to February of last year.

There were 1450 properties listed in February, an increase of 2.6 per cent compared to the same month the year prior. End-of-month listing inventory was 11.3 per cent lower than last February.

“The record cold month of February didn’t keep the buyers away,” said RAHB CEO Ross Godsoe. “Sales were not only up from last year, but were about five per cent higher than the average for the month of February.”

Seasonally adjusted* sales of residential properties in Burlington, Ontario for Feb 2015

“While there were more new listings in February of this year than there were last February, new listings are still about 12 per cent lower than the 10-year average for the month,” added Godsoe. “That is having an impact on the listing inventory. The higher than average sales coupled with lower than average new listings plus continued low listing inventory is keeping our area firmly in a seller’s market.”

If you’re looking for someone to help you buy or sell a home in Burlington, ON get in touch with Burlington’s Top REALTOR® Lori VanDinther.